Maduro’s autocratic government helms a dysfunctional economy that is driving millions to flee

CARACAS—Venezuelan President Nicolás Maduro was sworn in to a second, six-year term on Thursday in defiance of international calls to resign, paving the way for further isolation of a nation steeped in economic despair and autocracy.

Within minutes, a majority of the 35-member Organization of American States, a regional diplomatic body, voted to not recognize the legitimacy of Mr. Maduro’s new government after about 60 countries deemed his May reelection to be a sham. Paraguay went further, saying it would withdraw its embassy...

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